Participation in FastMatch ECN will provide traders with access to more timely pricing information, more efficient transaction processing and increased liquidity

NEW YORK, February 11, 2013 — BNY Mellon, the global leader in investment management and investment services, today announced that foreign exchange traders in its Global Markets group are now capable of flowing FX orders to the FastMatch^® electronic communication network (ECN). 

Based on the matching technology underpinning Credit Suisse's Crossfinder® offering, FastMatch^® has been retooled and refined to the needs of global foreign exchange traders.  It has been designed to give traders access to large pools of diversified liquidity at unparalleled levels of speed and pricing transparency.  As part of its adoption of ECN-based trading capabilities, BNY Mellon has acquired an ownership interest in FastMatch, joining Credit Suisse Group AG and FXCM Inc. as partners in the venture. 

"Giving our traders and customers access to FastMatch's ECN capabilities will provide additional alternatives to source liquidity by accessing larger pools of buy/sell opportunity, as well as faster execution," said Craig Messinger, executive vice president and global head of trading and risk management for BNY Mellon Global Markets. 

"Participating in FastMatch continues BNY Mellon's tradition of electronic innovation in the FX space," said Jorge Rodriguez, executive vice president and global head of foreign exchange sales for BNY Mellon "With investors increasingly focused on the importance of managing currency risk, we're committed to putting in place FX service enhancements that will enable us to add even more value to client relationships across the BNY Mellon enterprise."

BNY Mellon Global Markets includes the Foreign Exchange and Derivatives business of The Bank of New York Mellon together with the securities business of BNY Mellon Capital Markets, LLC, an SEC registered broker dealer¹. These three businesses provide products for corporate, institutional and high net worth investors to access liquidity, execute investment and hedging requirements, and manage risk.   With foreign exchange sales and trading desks in New York, Boston, Pittsburgh, London, Brussels, Hong Kong, Tokyo, Taipei,  Seoul and Shanghai, BNY Mellon Global Markets has access to more than 100 countries, and is recognized by industry publications as a global leader in FX research and FX technology.   BNY Mellon's derivatives business offers hedging products based in the interest rate, currency and equity markets, and BNY Mellon Capital Markets underwrites and transacts on Exchange and over the counter markets in a broad range of debt and equity securities.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. As of December 31, 2012, BNY Mellon had $26.7 trillion in assets under custody and administration, and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).  Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.

1.  BNY Mellon Capital Markets, LLC is an indirect-wholly-owned subsidiary of The Bank of New York Mellon Corporation and a member of FINRA and SIPC. Each is authorized and regulated as required within each jurisdiction.